WASHINGTON – U.S. Department of Energy Secretary Ernest Moniz announced more than $58 million in funding for vehicle technology advancements and released a report highlighting the successes of DOE’s Advanced Technology Vehicles Manufacturing (ATVM) loan program while touring the newest vehicle technologies at the Washington Auto Show today.
Continuing the Obama Administration’s commitment to supporting the domestic automobile industry, Secretary Moniz announced a $55 million funding opportunity that will solicit projects across vehicle technologies like energy storage, electric drive systems, materials, fuels and lubricants and advanced combustion. Secretary Moniz also announced that two innovative projects at CALSTART and the National Association of Regional Councils will receive $3 million to develop systems that help companies combine their purchasing of advanced vehicles, components, and infrastructure to reduce incremental cost and achieve economies of scale.
These technologies will help save American consumers money and decrease carbon emissions by increasing the fuel efficiency of conventional cars and trucks, while also supporting DOE’s EV Everywhere Grand Challenge to make plug-in electric vehicles (PEVs) as affordable to own and operate as today’s gasoline-powered vehicles by 2022.
Read more at Energy.gov
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